Rich Dad's Who Took My Money? Buchzusammenfassung - das Wichtigste aus Rich Dad's Who Took My Money?

Einleitung anhören

00:00

Zusammenfassung von Rich Dad's Who Took My Money?

Name: Rich Dad's Who Took My Money?
Rating: 4.4 (353 reviews)
Author: Robert T. Kiyosaki

Robert T. Kiyosaki

Why Slow Investors Lose and Fast Money Wins!

4.4 (353 Bewertungen)

18 Min.

Themen

Wealth Retirement Investments

Inhaltsübersicht

Rich Dad's Who Took My Money?
in 6 Kernaussagen verstehen

Audio & Text in der Blinkist App

Kernaussage 1 von 6

What’s in it for me? Learn how to speed up the returns on your investments.

You’ve done the right thing. You’ve worked hard and invested your earnings in a mutual fund so you’ll be all set for retirement. But no matter how much you’ve saved over the years, there’s a constant worry.

What if it's not enough? What if the stock market crashes just as you’re approaching old age? What if you have to face an expensive illness? What then?

If questions like these keep you up at night, these blinks are for you. Here you’ll learn that the traditional advice to save and invest for the long term is wrong.

To secure your financial future, you need to use a combination of assets to generate money fast, all while keeping it out of the hands of financial advisors and stock market sharks. Be warned – mastering this strategy isn’t easy. But learning to generate lifelong cashflow is an investment that will truly pay off.

In these blinks, you’ll learn

why diversifying isn’t the right strategy;
what gamblers have to teach us; and
how dairy farming beats cattle ranching.

To avoid spending your old age in poverty, you need to act now.

Whenever the author gives a talk about personal finance, someone in the audience is bound to ask him, “Why does money matter anyway? Isn’t happiness more important?” In response, he smiles calmly and demonstrates why this attitude is so harmful.

He’ll begin with some alarming evidence. A survey for USA Today found that the number one fear for Americans is running out of money in old age. More than crime, nuclear war, or anything else, their greatest worry is living a long life with no money.

After letting this sink in, the author tells his audience that one in three Americans over the age of 65 has no retirement plan at all. In other words, their greatest fear will likely come true.

The key message here is: To avoid spending your old age in poverty, you need to act now.

Many people want to put off their money worries until they’re older. But we only have a limited time to get our finances in order.

Without a decent pension, many of us will have to keep working long into old age. And with so many living expenses to consider – things like college debt, mortgage payments, car payments, taxes, and care for our elderly parents – retiring might not be an option at all. Sure, working into old age might be good for your physical and mental health, but working forever because you have to is a very different matter.

The painful truth is that our money-earning lives are divided up into four quarters, just like a game of American football. The first quarter stretches roughly from the age of 25 to 35, the second from 35 to 45, the third from 45 to 55, and the last from 55 to the time we’re expected to retire. If we can’t afford to retire at that point, we go into overtime. Then, when we’re too old to work but have no money left, we’re out of time. Game over.

Nobody wants to reach those final two stages without having their finances in order. So, at some point in those four quarters, we should work toward financial independence. But what exactly should we do?

The standard advice is: save, invest in mutual funds, and hold these for the long term. However, the author argues, this isn’t the way to reach financial independence – it’s too slow and far too unreliable. In the following blinks, we’ll explore what you can do instead.

The best way to become rich is through “power investing.

One common mistake people make is to only invest in paper assets, like mutual funds or individual stocks. They do this because it’s the easiest way to invest. You simply ask your broker to buy a fund or a stock for you. With a mutual fund, you don’t even have to decide what stocks to choose – that’s left to the fund manager.

But, as the author argues, this isn’t the way to build wealth. You’ll be waiting a long time for financial independence if you invest only in a mutual fund or a handful of stocks. Instead, you need to use several asset classes at the same time and become a “power investor.”

Rather than investing for capital gains, you should invest for cash flow.

Imagine two types of farmer: a cattle rancher and a dairy farmer.

A cattle rancher will raise a herd over a period of time, making sure the cows are fed and housed. Then, when they’ve reached the right age, she’ll round them all up and send them off to the slaughterhouse. Her profit will come when her cows are sold for meat. That sum is the only money she’ll make.

Like a professional gambler, an investor needs to get their own money “off the table” as quickly as possible.

When he was in his twenties, the author went to Las Vegas to gamble for fun. Starting with only a dollar at the craps table, he soon hit a hot streak. It wasn’t long before he’d won over $300.

With the crowd cheering him on, he started placing bigger and bigger bets. Soon he was sitting on $3,000. A little voice in his head told him to pocket his winnings and carry on with a smaller amount. But he got greedy. On the next roll of the dice, he lost it all. Luckily, he gained a powerful lesson in the process.

You should learn to see the world from a banker’s perspective.

When the author was younger, his friend’s rich dad took him to the bank. It was here that the author asked the loan officer a question: Would it be possible to borrow money from the bank to put into a mutual fund?

As he asked the question, the loan officer smiled, then politely explained why he couldn’t do that: It was just too risky. There was no way of guaranteeing that the bank would ever get their money back if they loaned it for such a volatile investment. And before they’d lend him any money for anything else, they’d need to see his financial statements.

There are four key reasons why people don’t succeed financially.

In these blinks, we’ve learned the best way of achieving financial independence.

To recap, you become a “power investor” by combining different asset classes – like real estate and a business – and creating a constant flow of income. At the same time, you keep your money moving, rather than letting it sit for too long.

Du möchtest die gesamte Zusammenfassung von Rich Dad's Who Took My Money? sehen?

Kernaussagen in Rich Dad's Who Took My Money?

Mehr Wissen in weniger Zeit

Sachbücher auf den Punkt gebracht

Kernaussagen aus Sachbüchern in ca. 15 Minuten pro Titel lesen & anhören mit den „Blinks”

Zeitsparende Empfehlungen

Titel, die dein Leben bereichern, passend zu deinen Interessen und Zielen

Podcasts in Kurzform ^Neu

Kernaussagen wichtiger Podcasts im Kurzformat mit den neuen „Shortcasts”

Worum geht es in Rich Dad's Who Took My Money??

Rich Dad’s Who Took My Money? (2004) explains why the time-honored strategy of saving money, investing in mutual funds, and holding on to paper assets for the long term is all wrong. Instead, if you want to get rich quick, you need to become a power investor who combines different asset types – like real estate, businesses, and stocks – to generate a continuous cash flow.

Bestes Zitat aus Rich Dad's Who Took My Money?

One of the best-kept secrets of successful investors is not diversifying, but integrating.

—Robert T. Kiyosaki

Wer Rich Dad's Who Took My Money? lesen sollte

Anyone worried about their financial future
Investors and real estate professionals
People looking to escape the daily grind

Über den Autor

Robert T. Kiyosaki is an author, businessman, and radio personality from Hawaii. He’s the best-selling author of Rich Dad, Poor Dad. He’s also the creator of the Rich Dad Company, which offers personal finance and business lessons through books and videos.

Kategorien mit Rich Dad's Who Took My Money?

Money & Investments

Ähnlich wie Rich Dad's Who Took My Money?

Rich Dad’s Retire Young Retire Rich

Robert T. Kiyosaki

How to Get Rich Quickly and Stay Rich Forever!

22 min

4.5

Rich Dad’s Cashflow Quadrant

Robert T. Kiyosaki with Sharon L. Lechter

Guide to Financial Freedom

For Your Money, Your Life and Our World

15 min

4.4

Why “A” Students Work for “C” Students and “B” Students Work for the Government

Robert T. Kiyosaki

Rich Dad's Guide to Financial Education for Parents

18 min

4.3

Rich Dad’s Guide to Investing

Robert T. Kiyosaki

What the Rich Invest in, That the Poor and Middle Class Do Not!

18 min

4.3

Buying Your First Home

Ilona Bray

Nolo's Essential Guide

17 min

4.1

How I Invest My Money

Edited by Joshua Brown and Brian Portnoy

Finance Experts Reveal How They Save, Spend, and Invest

20 min

4.0

Zillow Talk

Spencer Rascoff and Stan Humphries

The New Rules of Real Estate

12 min

3.7

The Heart of the Deal

Anthony Lolli

How to Invest and Negotiate like a Real-Estate Mogul

14 min

3.7

The Value of Debt in Building Wealth

Thomas J. Anderson

Creating Your Glide Path to a Healthy Financial L.I.F.E

An uncommon guide to rapid fat-loss, incredible sex and becoming superhuman

19 min

3.3

The Intelligent Investor

Benjamin Graham and comments by Jason Zweig

The Definitive Book on Value Investing

Train Your Subconscious to Grow Mentally and Materially

A Beginner's Guide to the Basics of Investing and Business

22 min

4.1

From Here to Financial Happiness

Jonathan Clements

Enrich Your Life in Just 77 Days

21 min

4.0

Quit Like a Millionaire

Kristy Shen and Bryce Leung

No Gimmicks, Luck, or Trust Fund Required

28 min

4.4

The 7 Habits of Highly Effective People

Stephen R. Covey

Powerful Lessons in Personal Change

A Strategic Plan to Improve Your Health and Life Through Food

Short Life Advice from the Best in the World

How to Create Uncontested Market Space and Make the Competition Irrelevant

Tesla, SpaceX, and the Quest for a Fantastic Future

23 min

4.4

The Most Important Thing

Howard Marks

Uncommon Sense for the Thoughtful Investor

The Art of Debating, Persuading, and Public Speaking

16 min

4.3

Discipline Is Destiny

Ryan Holiday

The Power of Self-Control

Stop Scraping By and Get Your Financial Life Together

Unleashing the Power of Emotional Intelligence

How to Spend Your Way to Wealth and Freedom

20 min

4.1

High Performance Habits

Brendon Burchard

How Extraordinary People Become That Way

A Guide to Managing Unhealthy Family Relationships

17 min

4.4

American Prometheus

Kai Bird & Martin J Sherwin

The Triumph and Tragedy of J. Robert Oppenheimer

A Tale of Shipwreck, Mutiny and Murder

19 min

4.6

Make Money Trading Options

Michael Sincere

Short-Term Strategies for Beginners

Resisting the Attention Economy

19 min

4.3

The Willpower Instinct

Kelly McGonigal

How Self-Control Works, Why it Matters and What You Can Do to Get More of It

The Nine Rules of Wealth You Should Have Learned in School

Getting All You Can from Your Money and Your Life

19 min

4.4

The School of Greatness

Lewis Howes

A Real-World Guide to Living Bigger, Loving Deeper, and Leaving a Legacy

Mapping Meaningful Connection and the Language of Human Experience

How Exploring the Senses Got Me Out of My Head and Into the World

366 Meditations on Power, Seduction, Mastery, Strategy, and Human Nature

How to Build Massive Wealth by Permanently Lowering Your Taxes

The Power of Thinking Without Thinking

14 min

4.1

Becoming Supernatural

Joe Dispenza

How Common People are Doing the Uncommon

Timeless Stoic and Buddhist philosophy

33 min

4.6

13 Things Mentally Strong Parents Don’t Do

Amy Morin

Raising Self-Assured Children and Training Their Brains for a Life of Happiness, Meaning, and Success

23 min

4.6

The Communist Manifesto

Karl Marx and Friedrich Engels

Workers of the world unite!

15 min

4.2

Conscious Capitalism

John Mackey & Raj Sisodia

Liberating the Heroic Spirit of Business

7 min

Stop. Think. Invest.

Michael Bailey

A Behavioral Finance Framework for Optimizing Investment Portfolios

366 Meditations on Parenting, Love, and Raising Great Kids

16 min

4.7

The Science of Getting Rich

Wallace D. Wattles

Your Master Key to Success

11 min

3.8

❤️ für Blinkist️️️

Ines S.

Ich bin begeistert. Ich liebe Bücher aber durch zwei kleine Kinder komme ich einfach nicht zum Lesen. Und ja, viele Bücher haben viel bla bla und die Quintessenz ist eigentlich ein Bruchteil.

Genau dafür ist Blinkist total genial! Es wird auf das Wesentliche reduziert, die Blinks sind gut verständlich, gut zusammengefasst und auch hörbar! Das ist super. 80 Euro für ein ganzes Jahr klingt viel, aber dafür unbegrenzt Zugriff auf 3000 Bücher. Und dieses Wissen und die Zeitersparnis ist unbezahlbar.

Ekaterina S.

Extrem empfehlenswert. Statt sinnlos im Facebook zu scrollen höre ich jetzt täglich zwischen 3-4 "Bücher". Bei manchen wird schnelle klar, dass der Kauf unnötig ist, da schon das wichtigste zusammen gefasst wurde..bei anderen macht es Lust doch das Buch selbständig zu lesen. Wirklich toll

Nils S.

Einer der besten, bequemsten und sinnvollsten Apps die auf ein Handy gehören. Jeden morgen 15-20 Minuten für die eigene Weiterbildung/Entwicklung oder Wissen.

Julia P.

Viele tolle Bücher, auf deren Kernaussagen reduziert- präzise und ansprechend zusammengefasst. Endlich habe ich das Gefühl, Zeit für Bücher zu finden, für die ich sonst keine Zeit habe.